Ask Larry

Will My Benefit Rate Go Up If I Keep Working Full-Time?

While taking ss benefits, will they continue to increase yearly if I continue to work on a full time basis?

Hi,

They probably will. Retirement benefits are based on an average of a person's best 35 years of inflation adjusted earnings. They can be recalculated after each calendar year, so if you keep working and earn more than one of your previous 35 highest years, your average earnings and benefit amount will increase. You can qualify for the recalculation, regardless of your age or benefit status.

Best, Jerry

Posted: 
Oct 21 2016 - 5:15pm
MaxiFi software running on a laptop
Get What's Yours!
Discover tens of thousands in extra retirement dollars with Maximize My Social Security software!
  • Find your maximized strategy
  • Unlimited what-ifs
  • Step-by-Step filing instructions
  • Our software's lifetime-benefit increase for an illustrative couple earning $65K each and planning to take retirement benefits at 62.

    Results will differ based on your specific case and filing strategy.

Getting Started is Easy
Web-based software. Works on ALL browsers. No download.